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The Bajaj Housing Finance Limited Initial Public Offering (IPO) has concluded, with the allotment status now available to those who participated. Investors can access this information through the BSE website (bseindia.com) or the official Bajaj Housing Finance IPO registrar, KFin Technologies Limited. The highly anticipated listing date is expected to be Monday, September 16th, 2024, creating a buzz among investors.
Following the allotment announcement, the grey market, a non-regulated trading environment for shares before listing, has shown a significant surge in interest. The grey market premium (GMP) for Bajaj Housing Finance shares currently stands at ₹77, representing a 110% increase over the upper price band of the IPO. This positive sentiment suggests potential multibagger returns for lucky allottees.
While the high GMP suggests a potentially lucrative listing, experts urge caution. They emphasize that the grey market is not a reliable indicator of actual listing gains, as it is unregulated and unconnected to the company's financial standing. Investors are advised to focus on the company's fundamentals and make informed decisions based on their own research and assessment of Bajaj Housing Finance's financial health.
Source: Bajaj Housing Finance IPO: GMP jumps, listing date in focus after announcement of allotment status